Elevar Equity III, LP
Elevar Equity · adviser of record: Elevar Equity Management LTD. · 2013 vintage
Elevar Equity III, LP is a 2013 venture fund managed by Elevar Equity, with $34.1mm raised (Form D, amount sold). It reported $151mm in gross assets at year-end 2025, 4.42x its size, against a peak of $286mm in 2021.
- Latest value held
- $151mm year-end 2025
- Peak
- $286mm year-end 2021
- Fund size
- $34.1mm Form D, amount sold
- Held vs. size
- 4.42x peak 8.37x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $151mm | 4.42x | -32% over 2 yrs |
| 2023 | $221mm | 6.48x | -13% |
| 2022 | $255mm | 7.49x | -11% |
| 2021 | $286mm | 8.37x | +98% |
| 2020 | $144mm | 4.22x | +21% |
| 2019 | $119mm | 3.48x | +19% |
| 2018 | $99.9mm | 2.93x | +15% |
| 2017 | $87.1mm | 2.55x | +17% |
| 2016 | $74.5mm | 2.18x | +10% |
| 2015 | $68mm | 1.99x | +32% |
| 2014 | $51.4mm | 1.51x | – |
Other funds from Elevar Equity
- Elevar India V, LP 2021
- Elevar Equity IV, LP 2017
- Elevar Equity II, LP 2011
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-8465416376. Data updated October 13, 2026.
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